CENTRAL RESERVE BANK

Press, Volume LXIX, Issue 20988, 17 October 1933, Page 8

CENTRAL RESERVE BANK

A WANGANUI PROTEST IFItrSS ASSOCIATION- IKLECBAM.) WELLINGTON, October 16. A large audience in Wanganui tonight, following a forceful address by Mr H. Atmore, M.P., carried a resolution unanimously asking the Prime Minister to delay passing legislation setting up a Central Reserve Bank until a referendum of the electors is obtained. The meeting also passed a resolution that it believed the Government had no mandate to inflict this legislation on the people of the Dominion, and if the Government persisted in setting up the bank the members of the audience would pledge themselves individually and collectively to link with other electorates to vote the Government out of office. A further motion was carried asking Mr W. A. Veitch, M.P. for Wanganui, to oppose the bill in the House, and do all in his power to prevent its passage.

IMPORTANT BILLS

PROTEST ABOUT MANNER OF PRESENTATION ■r-iii-'.ss A*sf>i:i.\.'nu>: JT.i.liiin.v.M.' DUNEDIN, October 18. At a meeting of the council of the Dunedin Chamber of Commerce tonight, it was resolved: "This chamber protests most emphatically against the increasing habit of the Government in bringing before the House most important bills such as the Central Reserve Bank Bill, without affording the public any previous opportunity of considering their effect." The council also passed a resolution approving of the establishment of a Central Reserve Bank, provided there were adequate safeguards to secure a management free from bias or influences other than economic considerations.